The Ghana Fixed Income Market saw GH¢722.5 million in total traded value across 635 transactions on August 6, 2025, with treasury bills dominating activity.
Government securities accounted for nearly 70% of the day’s volume, reflecting sustained investor focus on sovereign debt instruments amid ongoing macroeconomic stabilization.
Treasury bills led activity with GH¢208.2 million traded across 537 deals, anchored by a GH¢148.6 million transaction in the October 2025 maturity bill (GOG-BL-13/10/25-A6817-1965-0). Corporate bonds also saw robust interest, with Ghana Cocoa Board’s August 2027 bond (CMB-BD-30/08/27-A6302-1675-13.00) attracting GH¢66.2 million. New Government of Ghana notes contributed GH¢252.1 million, while Bank of Ghana bills cleared GH¢99 million.
Sell/buy-back trades added GH¢58.2 million, primarily in benchmark bonds like the February 2027 note (GOG-BD-16/02/27-A6143-1838-8.35). Collateralized repos and GMRA transactions showed no activity. The yield curve remained relatively stable, with shorter-dated bills trading near 16% and longer bonds around 16.6%.
Analysts noted the liquidity surge aligns with Ghana’s declining inflation and currency appreciation, though corporate participation remained concentrated in quasi-state entities. The market awaits the Bank of Ghana’s next rate decision following July’s inflation dip to 12.1%.
